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CNBC 42
FBC 24
KQED (PBS) 8
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WBAL (NBC) 5
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KRCB (PBS) 4
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English 107
Search Results 0 to 49 of about 107 (some duplicates have been removed)
CNBC
Dec 26, 2012 6:00am EST
. >> we don't pay you a lot for cnbc contributor, do we -- did we order you to be here? >> i'm contracturally obligated to not specify anything. >> not specify anything? here at 5:30 and all the way to 9:00. >> i knew that there would be trouble this morning. i got myself seated -- >> good. we'll squeeze you for everything you're worth. we needed a big name. >> big name. we got one. >> it day after -- for december 26. >> you're too kind. >> then here you are. >> here he is. >> what did you get? anything good? >> i have -- >> switch, lump of coal? >> he's a hanukkah guy. >> a lump of coal -- yes, but a lump of coal at some point probably worth something. tet rate we're going. >> that's right. you're -- no tree? >> i want a tree, my wife says they're too messy. >> the trees are messy. >> the needs needles -- >> you have the festivus pole. >> grievances -- >> you better go, sorry. >>> let's do the main headlines this morning. of course, there's only one main story this morning. it's a familiar one. the looming fiscal cliff. aides for both parties now saying a partial agreement o
KICU
Dec 31, 2012 4:00am PST
there is going to be some profit-taking. i don't really believe that it is going to be all that severe. but why wouldn't you want to take some money off the table at the end of the year and maybe start over a little bit? so i wouldn't be surprised if we do see just a slight sell-off really just due to maybe some of the funds in retail, taking profits off the table. > > and what are traders thinking about 2013, scott? > > you know, it is all about the economy at this point. if we can continue, especially in the housing market, if we can continue seeing, not a booming housing market, but the upswing that we saw toward the last quarter of the year, then i think that is going to be the lead of the market. i don't think people think, or traders on the floor think that we are going to see a big 15, 20% move in the s&p upward this year. but i think what is going to be the mantra, the theme of these guys, is we are going to see a grind, maybe an 8-10% appreciation throughout the year. keep this in mind: 1600 is not that far away, and that is a number a lot of guys are looking at. > > what about money m
CNBC
Dec 27, 2012 6:00am EST
. and then, you know, i don't think we've run this bite enough. >> tim geithner told steve liesman. >> i have it ready. >> that he is we should show it multiple times. >> tt is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest -- remember, it's only 2%. and all of those americans get a tax cut on the framework of the first $250,000 of their income. >> yeah, yeah, you still get the 250, andrew. they love that. what does oh, absolutely mean, bob? >> maybe it means his favorite movie was "rebel without a cause." >> go the. >> i guess it's letting the other side know you're willing to go eyeball to eyeball with something that is terrible. >> i see both sides pretending to say, yeah, we're doing all we can, but it's almost just like this -- like boehner just said, hey, you guys, you happen, in the democratic-controlled senate, you put a bill together. i'd love to consider it. he can't get his guys to consider a democratic bill. >> as long as they feel like they ca
CNBC
Dec 31, 2012 7:00pm EST
that any of us would say oh, i love it. i don't live love it but i thin good job of negotiating where there are some wins and losses and it is about even. >> house republicans are keeping their powder dry. >> he wants to wait and see it on paper before he commit to voting for it. so right now at least we don't know whether a deal that is likely to pass in the senate could pass the house of representatives. are you surprised and isn't it interesting that vice president joe biden and senate republican leader mitch mcconnell have taken this thing and put it together i think it is quite interesting to me. >> it speaks to the power of personal relationship to me. interestingly it speaks to the relationship between mcconnell and harry reid. clearly the personal animosity got to be too much for those two to continue negotiating. clearly the president was happy with biden being a part of this final push here. if the reports are right, he is coming up to sell the deal to him. a lot of whom have expressed reservations about him. >> now, let's get reaction from the senate side. senator tom cobur
CNN
Dec 30, 2012 3:00pm PST
me on facebook and newsroom continues right now with don lem lemon. lemon. have a great weekend. -- captions by vitac -- www.vitac.com >>> hello, everyone, i'm don lemon at the cnn headquarters in atlanta. >> i'm ali velshi at cnn in new york. >> it is you and me tonight, ali. with the nation perched on the edge of the fiscal cliff we are keeping a close watch on events to prevent an economic disaster. >> we hope. we will spell it out what those talks mean to all of you watching. and if they fail to reach a deal what it means for you, the economy and your wallet. >> thank you, ali. no news is good news and fiscal cliff talks are at a standstill with neither side wanting to give ground at this point. >> trying to find a lining around that cloud, if there is one, and democrats and republicans are still talking. they are still trying to reach a deal to stop the spending cuts and tax hikes that are likely or possible to push our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it for the last couple
CNN
Dec 29, 2012 10:00am PST
the plane overshot the runway. don't go away. at 2:00 p.m. eastern, the top stories of the day including that growing outrage over russia's adoption ban. hundreds of americans are frantic after being told their adoptions are not going to go through. we'll also take a look back at the year in politics and the fierce battles the unexpected alliances and of course the best moments of the presidential campai campaign. plus the most intriguing people of 2012. find out who they are and why they landed on the list. "your money" starts right now. >>> martin, thank you very much. what a colossal waste of time. down to the wire, waiting for breaking news out of washington on a matter that has no business being breaking news. this was an entirely anticipated crisis, one that is completely of washington's creation, even at this late moment, washington still ready to gamble with your economic future instead of conceding some ground to conclude a deal that possibly saves it. i'm ali velshi. this is "your money," a battle of ideological wills in washington as america moves dangerously close to a fiscal
FOX Business
Dec 31, 2012 9:20am EST
not for this hit. can i tell you some things going on behind me today? >> no, don't have time, sorry. that's the way it is. >> i was going to tell you about the drunken revellers and their bathroom experiences, i guess you don't want to know. stuart: you should hear what they're saying, no more drunken revellers, no time. wrap up, keep warm, young lady, i mean it. >> thank you very much happy new year to you. stuart: happy new year to you, lauren. and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress will also get a raise. so, federal workers, 2 million of them already earn more than the rest of us, they get more. and congress, totally failing to do its job, will also get a raise. about 900 bucks each. do they deserve it? according to the latest rasmussen poll you say, oh, no, scott rasmussen joins us now. all right, scott, i've seen the numbers, 5% think that congress is doing a good or excellent job.
CNBC
Dec 26, 2012 11:00pm EST
. but long-term losses don't magically turn into long-term gains if you wait long enough. making money over the long haul is the ultimate goal in this game butch it's also become the alibi for short-term losses. that kind of thinking will only make you a worse investor, not a better one. before i can teach you how to invest for the long term, i have to disabuse you of all of the allegedly long-term alibis that you have been fed for ages. at what points do you need to cover your ears and tie yourself to the mast so that the you won't listen to the conventional wisdom and end up steering your portfolio on to the rocks? first and most important, long-term investing is not the same as simply owning stocks for a long time. in other words, don't confuse being a good investor with the idiotic ideology of buy and hold, or as i dub it, buy and forget. this one bad idea has lost people more money than the last two financial crises combined. and just because you have a long term horizon and the losses are unrealized, it doesn't make them into gainers or even potential gainers. losses are losses, reali
CNBC
Dec 24, 2012 6:00am EST
him to invoke federal law in order to invoke a cooling off period. i don't know what the likelihood of that is. i don't know what the president might do. do you think he would -- >> wow. that's a lot of red. >> you step out. you like to step out. you like to make statements, right? >> it's the holidays. >> i'm aware of that. >> you're wearing a red tie today. >> a shirt and a tie. that's usually what i go with, some type of shirt, some type of tie. no bells and whistles. this is your thing. whether you have bracelets -- one of those things is measuring your heart right right now. how is it? >> it's measuring my -- >> your calorie intake? >> my pressure goes up when i'm with you. well, no, this is the jaw bone. >> is it a measure of calories? >> calories, walking, sleeping, rem sleep, how much i shept last night. >> and calories. >> calories. >> if you wore it on your left wrist, would there be less calories, do you know? >> i will test that for you. >> test it out. gasoline prices. you know what i want to ask you? do you employ lobbyists at all? >> no. >> not at all? >> no. >> but w
CNBC
Dec 26, 2012 5:00pm EST
, is make a decision and fade that move. but in the meantime, i don't put a lot of emphasis on what happened today. this obviously, vacation short week, volumes are light, but as long as we stay around this 1425 level, i'm casually optimistic. >> to that point, josh, you made the point that you closed your books today, so, a lot of players are, in fact, on the sidelines officially for 2012. >> right. other than a handful of tax related things, there's nothing that we feel compelled to do, given the fact it's what we call garbage time right now. the outcome of the year is already known. people trading heavily are the people that are forced to. and so you tend to see this odd mix of stocks start to bubble up in the last week, typically low volume, high beta, things that can be juiced. it's just not a game that we play on the asset management side. >> i agree with josh. and the things we know right now are, number one, we know the president's coming back and he's coming back because they are facing some very dire choices right now. i do think anthony's right. we're going to be driving off this
FOX Business
Dec 31, 2012 4:00pm EST
healthier up nearly 77%. and here's one that we don't often talk about, it's the tur. what is it? this is a turkey market etf, david, up more than 61%. david: turkey did pretty well. i'm glad they didn't part of your financials and consumer discretionary were the best performing sectors for the year. utilities were the only sector, though, ending in the red for 2012. liz: and finally, for the year the dow jones industrials with the 30 stocks many of you own in your portfolios up 7.3%. s&p, nice move here, 13.4%. the russell up 14.6%, the big winner for the year, you see it on the screen, the nasdaq up 15.9%. not bad at all. all eyes on the approaching fiscal cliff with just under eight hours left to make a deal. we've got you covered from capitol hill, we're going to be speaking live with congressmen from both sides of the aisle, representative tim hulz camp, mick mulvaney and dennis kucinich. david: also wilbur ross, chairman and ceo of -- [inaudible] and the former chairman of the white house council of economic advisers. i tell you, we get the prime guests right here. ed lazea
FOX Business
Dec 26, 2012 9:20am EST
don't want them going over the cliff so to speak, you want to protect them. well, that was, i argued back in the 1960's, remember when people were sit inning in the universities, a nonnegotiatable demand. a thing called nonnegotiatable demand and that was society and people became more self-righteous and self-directed rather than understanding we had to operate within certain rules. i do think it has infected washington. i mean, i would call president obama one of the most self-righteous presidents we've ever had. david: president reagan, for example, stood for concrete things and didn't bend on the principles, because they had the guardrails that allowed them, it made it easier to negotiate with people they disagreed with. for example, tip o'neill, the democrat made a deal for the huge change in our tax structure. there seems no possibility of a deal like that being made now. >> well, the republicans clearly feel that they've been disadvantaged by president obama and they actually, i don't think, trust him or the democrats anymore because of the experience they went through with the
CNBC
Dec 28, 2012 6:00am EST
long were you at -- you were at prudential. >> it's owned by prudential, so i've been at peru don'tal for almost 15 years now. >> widely quoted. you know who has made a comeback is ralph -- >> akampora. >> i've seen him around. do you remember his nickname? >> i don't. >> whatever you think of him, he's a great guy. >> he's a good guy. >> ed is going to try to make us slightly -- >> be a little sensitive. let's get you some some of the morning headlines. the biggest one being president obama planning to meet with congressional leaders at 3:00 p.m. eastern time today in a last ditch effort to avoid the fiscal cliff. the house majority leader eric cantor is now telling members to be prepared to work through january 2nd. both sides still far apart, however, on taxes and spending cuts. senate majority leader harry reid says prospects for a deal by monday are still unlikely. there was a lot of movement, motion for not a lot of action. >> where were you yesterday? >> i was here. we were together. >> were we ever with our -- no. but there were duelling senate leaders just -- first mcconn
CNBC
Dec 31, 2012 6:00am EST
handle a lot of the heavy lifting today, please, after about a -- >> you look good, joe. you don't look worse for the wear. how late did it go? >> i think we were -- like after 12:00. 12:30. >> you were tweeting me after 12:00. >> why was he up? oh, i know why you were at. >> i assume you continued the tailgating after that, then. >> no. but i definitely got behind some of the other -- i mean, i was not quite up to snuff with some of the other fans as we were exiting. >> those guys had been at it a little longer than you have? >> jae. you definitely don't want to say, hey, watch it, buddy. >> go redskins, right, and get out of the way? >> right. >> it's more dangerous to go to a game in philly. >> is it, really? >> yeah. they throw batteries and -- >> becky, i'm sorry about rutgers again. we didn't get to talk about that. three straight disappointments. there's always next year. are you ready for the big -- >> ready for notre dame. we have notre dame coming up, too. something else to look forward to. do you guys see any lawmakers? are you for notre dame over the tide? >> yeah. sorry, be
CNBC
Dec 28, 2012 1:00pm EST
a small deal could look like. guys, we don't have a whole lot of information on what's going to happen in that meeting. i should also mention that joe biden, the vice president, will be in there. of course, he led some of the early talks and they were all about trying to avoid this problem a year or more ago. those got nowhere. the talks over the summer got nowhere and so far the talks that are going on now have gotten nowhere as well, michelle. >> eamon, the last two things that you talked about, the doc fix for medicare, you don't cut what you pay doctors for medicare. >> that's right. >> turning off the sequester, they're talking about spending more money. no talk anywhere in his plan about any kind of spending cuts. >> yeah. remember, i'm laying out sort of a potential plan that the president could offer. you're right about those two items. also take a look at what's not on there. what the president didn't mention on friday of last week is the debt ceiling. now we have treasury secretary tim geithner reminding the country and the world that the united states is going to start to ru
CNBC
Dec 28, 2012 12:00pm EST
with the market today? >> i don't think you do anything based on those headlines. where you want to continue to be is high quality names and ride it out. if you see prices come your way in specific stocks that you twoont step up to, you should do it because once we get through the cliff i think the market's okay. it's off to the races. i would point out in december historically going back to 1928 the markets up an average of 1.5%, and it's up 75% of the time. here we are flat and that takes some of the wind out of the sales. >> you said yesterday for the first time in 30 years no position ness the market. is the most dangerous position today to be short the stock market going into the weekend? >> that would be very dangerous. although what john harwood said about a skinny deal, judge, i think this deal is going to be anorexic. i talked about that over and over again. any of these deals that are struck will be very slight, very small. and likely to be very bad as well. >> does that matter? if you hear the word "deal" is that ultimately the most important thing? forget what is inside the deal
FOX Business
Dec 26, 2012 4:00pm EST
level of risk. if you're at low risk investor don't want to do a lot of homework, etf o are the way to . it would probably be a good way to play it. if you want to do more homework and insight into where you think companies spend money, where we try to put all of our technology pics on the business side, we would buy something like intel and to individual stocks in that area. shibani: something i have been hearing a lot about as we get closer and closer to the fiscal cliff, the r. word, recession. is that something that traders are taught about once again as a headline, as a risk to take me prevent for the end of the year and going into 2013? >> i don't think the recession issue is such a big deal on the trading floor and certainly not hearing guys back your talk about it. trading edible multiple. the big talk is this near-term uncertainty is really the only pop in what we think will be relatively slow 2013. if you look at kind of the last four or five years, volatility and think is very super cool. we are coming out of a very volatile period. the next reel. the volatility, this wil
CNBC
Dec 26, 2012 3:00pm EST
will crash a little bit. i don't want to say crash as in crash but we could retrace some of the gains and a rough start to 2013 until they finally realize that maybe the large-cap companies could be leading us through the rallies. maybe it will take the stocks back up the latter half of 2013, first quarter. >> oliver, what are you doing with your clients' money right now? >> we think there will be a selloff as a result of all of this and also the debt ceiling debate coming up at the end of january and that's a buying opportunity because there's relatively strong, and strong gdp growth in the second half of 2013 so we would see a 5%, 7% selloff as a heck of a buying opportunity early in the year. >> i see you've got a year-end target for 2013. 1540, actually -- just looking at the 2013 predictions, you're pretty bullish. >> yeah. we think we're going to see a 6%, 6.5% return on the s&p. we think dividend-paying stocks will do even better and will focus on companies that are growing revenues and paying a strong dend. >> can i ask you a question about that scenario. >> of course. >> supp
CNN
Dec 30, 2012 2:00pm PST
with after the first of the year, we don't get a deal in the next 24 hours, we can make adjustments there, but remember, the funding at the pentagon, without the wars, has doubled in the last ten years and it's a, you know, over 600 billion right now. so, 50 billion out of 600 billion, that's not even 10%. so, i really think we have is to keep perspective. these cuts aren't permanent, we can adjust them after the first of the year, i think we can make adjustments after the first of the year if we don't get a deal, still hopeful we get a deal if we don't, all of us know we can make adjustments. >> senator, thank you vet. i appreciate it. still hopeful, what senator mccaskill just said, martin, i can tell you, as i said, many of the colleagues coming out of the meeting, wrapped up right in there did not have that same assessment, see what happens, back to you. >> dana bash, thank you very much. >>> let's turn now to maine senator olympia snowe. she says it is time to talk about spending cuts and not limit the talk to just the tax hike question. senator snowe joins us now. let me start by as
CNBC
Dec 27, 2012 6:00pm EST
not historically been a lucrative strategy, and i don't see any reason why that should change. there are a handful of incredibly professional short sellers, hats off, able to turn pessimism into profits but i don't recommend trying to follow in their footsteps at home. i never recommend short selling on this show because it's more risky than being long which is authentic wall street gibberish for owning stocks. just a basic question of arithmetic. let's go lieu it. when you short a stock or bet against, it right, as best that stock goes to zero and you have a 100% gain. double at worst, it could never stopng . and you could lose 200, 300, 1,000%, theoretically lose an infinite amount of money. when you own a stock the situation is reversed. the most you can lose is 100% of your money. we've seen ten baggers around here. ask anyone who bought apple near the generational bottom back in 2009. when it pulled back to less than 100 bucks, held on for the next three years, they snagged a 5850% return. ♪ hallelujah >> i'm not telling you to be so afraid of what could go wrong you'll pass up on that kind
CNBC
Dec 31, 2012 1:00pm EST
an south la salle. >>> we don't know what to say about this, still apparently, no deal with less than 11 hours to go. the music says it best perhaps. washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about w
CNBC
Dec 28, 2012 2:00pm EST
returns be happy next year, michelle. >> you too, tyler. don't forget, 3:00 p.m. that's the big meeting at the white house where presumably maybe, possibly they might get something done? i've heard that before. >> we've heard that before. sounds like a mini deal. welcome to my father-in-law jim lemarca and the cast of his book, "bonus time." it's sort of like "zero dark 30" kind of sort of. >> that will do it for "power lunch." >> "street signs" begins right now. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the new year, mandy. >>> bring it on. the s&p 500 is on track for a fifth straight decline. some of the hope does seem to be coming out of the market of late for a deal. of course, there co
CNBC
Dec 24, 2012 12:00pm EST
york. we don't have to get on an airplane. >> sold out at the blue note. two shows a night. 21 nights in a row. come down. shows are 8:00 and 10:30. there are usually a couple seats left because people can't make it to new york at the last minute but call the club or whatever. very, very famous legendary jazz club the blue note. >> usually room at the bar. >> there's always room at the bar. >> we'll see you in an hour for the closing bell. thanks so much. >> thanks, bob. speaking of the market shortened session one more hour. let's head over to maria at post 9. >> thanks, carl. hi everybody. welcome to the closing bell. i'm maria bartiroma at the new york stock exchange. no, your watch is not wrong. the closing bell ringing three hours early today at 1:00 eastern for christmas eve. hi, bill. >> hey, maria. i'm bill griffith here at cnbc world headquarters. a down day not terrible, light volume as you might imagine on this half day. the dow down about 40 points right now. 46-point decline at 13,144. all the other major averages lower as well. the nasdaq at this hour down about ten poin
CNN
Dec 30, 2012 12:00pm PST
threshold. for now we don't know what the threshold is. for chain cpi, that's the consumer price index. and many benefits in the united states such as social security are, increased to that benefit. is calculated based on cpi. the way they calculate that is when a basket of goods increases or decreases in value. chain cpi would more follow consumer behavior. so if the price of meat were to go up. it may be that the average family then switches to chicken. well, the consumer price index, the inflation calculation doesn't account for that possible switch. and that is why the discussion is going on about chained cpi it would mean when certain prices go up. you would make the assumption that people spend in a different way. and that is where the contention is. i want to bring in jessica yellin, our chief white house correspondent. jessica, we talked about chain cpi, this cake up a week ago and the president signaled he might think it's fair. in fact he said it again this morning on one of the sunday shows. that he might be okay with chained cpi. why has this become a point of contention ov
CNBC
Dec 27, 2012 2:00pm EST
it for today's edition of "power lunch", folks. >> street stiens begins right now so don't move. >>> free speech and stocks sink. a senate leader says the cliff is coming. we've got your cliff jumping playbook ahead. >>> housing has been all hoping lately helped by the fha in part or has it? your guess says the agency is hurting working class families. >>> plus, some incredible stats on amazon.com sales over the holiday season and we will unveil which retail stock has been higher every first quarter for the past nine years. the name, mandy, sure to amaze. >>> indeed. our mystery chart of the day. thanks a lot, harry reid. with today's losses we have wiped out december's gains on the stock market. today, also by the way, takes the very dubious prize of being the worst day of december for all three averages and the worst day since november the 14th. we are now down on the stock market for the fourth day in a row and the vix, guys, is jumping. let's get straight down to the trading store and find out the buzz. seema modi is manning the nas desk. >> a deal to avoid the fiscal cliff thought it
CNBC
Dec 31, 2012 4:00am EST
. >> optimistic yesterday, but we don't yet see an agreement. now the pressure is on congress to produce. if they don't, what i've said is that in the senate, we should go ahead and introduce legislation that would make sure middle class taxes stay where they are and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it, they can vote no. but i actually think there's a majority support for making sure the middle class families are held harmless. >> if you go over to cliff, what's the impact on the markets which have been pretty confident now it would get done? >> it's hard to speculate on the market, but obviously, i think business and investors will feel more negative about the economy next year. if you look at projections of 2013, people generally felt the economy would continue to grow, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. and if, you know, people start seeing that on january 1st this problem still hasn't been solved, that we haven't seen the deficit reduction
CNBC
Dec 31, 2012 4:00pm EST
on this game board. the senate hasn't voted for it yet. >> uh-huh. >> so i don't know. i think the negotiations are going on between a couple individuals. to throw this out in the full senate for a vote much less the house has a whiff of plan "b" and boehner on it. i think it may still get worked out in the band-aid form, but i don't think that's complete at this point. so i think maybe we're all going to be working tomorrow. >> i'm just getting word now that the house gop is going to caucus in an hour. they may not vote, but they'll be talking about what they're hearing coming from the senate and probably get more details at that point. it's not like we're not going to get any progress. but as i said before, rick, for something this important, would you want this to be that much of a rush job in. >> i agree with you. i totally absolutely agree with you. that it needs to be taken time. my reservation all day that i kept mum was is the house going to get this at ten minutes to midnight? i think those guys have some responsibility to do the job a little differently than the health care plan. i do
CNN
Dec 29, 2012 6:30am PST
this year. don't feel bad. hedge funds running scared, too. what's been scaring everybody? the fiscal cliff, anemic u.s. growth, europe's financial crisis, china's slowdown. so proceed, but proceed with caution. co-founder and president of ulta capital management, jack otter, editor and author of "worth it, not worth it" and walter upgrade, editor for cnn. >>> figure how much money in stocks, how much in bonds largely determined how for a until you retire. the faurter you go the more in stocks. then stick to it. don't get swayed by gloom or euphoria. this year, per effect example. people scared, didn't invest much in stocks and a good year. s&p up about 16% year to date. bonds rose. diversified portfolio 4%. can't outguess them. don't try. >> make a strategy and stick with it. many viewers may be in the same spot. what one investor is worried about. lyn. >> i should have been very aggressive, but i played very conservative, and so how do you play catch-up? >> what's the best catch-up strategy? >> that is a very dangerous question. it's a very common question, and understandable, but the pro
FOX Business
Dec 27, 2012 4:00pm EST
footing. so i think generally we have got clear sailing for 2013. i don't think the market is going to skyrocket. i just don't think we're going to see the wild swings that we have seen the last couple of years. david: david, let me challenge you on that a little bit. tim, we will get to you in a second. you say most of the bad news is behind us, but what if we don't have a deal, and that's still a possibility, we go off the fiscal cliff and as most economists think, we go into a recession. i mean a recession is not priced into this market, is it? >> i think so. david: really? hold on a second, the last time we had a recession the dow went down. >> i don't think there's really many things they can do in congress to avoid a very slow growth economy. whatever they do, it is not going to cause the economy to grow like crazy. i don't think the market is pricing any any kind of major reversal. david: let me be precise here. you are saying specifically that if we go into a recession, a recession, a full-blown recession is not priced into this market, correct? >> i think to be specific i d
FOX Business
Dec 31, 2012 3:00pm EST
don't think that's the way to bring it to prosperity or create more jobs or turn the economy around. >> tomorrow all the rates go up, and this is not tax cuts starting in about 13 hours or so it would have been something really easy that we could have done a month ago, simply say keep the tax rates where they are right now for everyone, you, me, everybody. keep the rates exactly where they are in in making it to the other half of this equation, the larger half. the spending side. we have to look at this and say what are we doing to our kids and grandkids, children? we are putting this burden, even with the president's proposal of higher taxes and spending on future generations. that is an immoral suggestion. >> to you think this to pass the house? >> we have to see whether it passes the senate. although they thought they reached a deal on the tax side, the rumor is that the president, just as he did earlier, continues to raise the bar as we get closer to the end game. from day one is in but the president really did not want to do this before the end of the day, before the end of the
FOX Business
Dec 27, 2012 9:20am EST
we revisited the debt ceiling for tarp, so, i don't think that the markets are going to be particularly happy, but i don't know that it's necessarily for the right reasonss i to think that we're going to get a deal here, but i think it's going to end up happening late january, maybe middle of january, but at the end. day, stuart, it doesn't solve any of our problems. stuart: i agree, i agree. >> and i'm so frustrated that we're 13 months in, we've had 13 months to figure it out and we're at the 11th hour. stuart: everybody is. the mood of the country, furious nothing is happening here and politicians are dithering at the last minute. why is it? it doesn't look like a deal is going to get done. a total stop gap and as you say it's not a good deal anyway. why hasn't the stock market fallen out of bed? we're still at 13,000 on the dow. why are we still there? >> what i think usually when congress doesn't do anything, that's a good signal for the market. two, i think the market is very sphisophisticated and whether ot we get a deal is not going to make a dent in the grand
FOX Business
Dec 27, 2012 1:00pm EST
don't think we go back into a recession, but when i talk about this, seven and $87 billion went into the economy to rescue it from the recession. now if we don't pullout $600 billion with the tax creases -- increases so that would have an adverse effect on wall street and main street. we live in a global economy. this sense verbal signals. tracy: what about signals to your stuuents? they are about to enter the job force nobody will hire any time soon. >> hiring is the key number but the good news with jobless claims they suggest the layoffs have begun to moderate. it is in the range of a healthy economy. but the bureau of labor statistics said the number of job openings available. look at those who are actively searching there's 12 people for every excuse me for every one job created for people are looking for the job. that ratio has been the same lori: unemployment is still a crisis 3-point doubt station -- but you point* out to shifting with taxes, and and entitlements going to the unemployment report next week we are accustomed at the 150,000 payroll and we are satisfied? >>
FOX Business
Dec 28, 2012 4:00pm EST
not concerned about going over the cliff? you don't think it affects the stock market specifically as much as some say it will? >> i think there's a shoacial effect -- a short term effect, but look at it in terms of basics. it's contractual fiscal policy. we're going to squeeze incomes. it's going to cause unemployment causing political unrest, but it's going to have other effects, probably as previous speakers said, causing price of oil and gasoline to go down, but what's a sure thing and very, very important for the market is that interest rates are not going to go up. what we're seeing, if we are not watching the magician doing fiscal cliff tricks, is the elephant in the room is smart companies are able to buy other companies with cash. a couple examples of companies that are buying other companies with cash. the best one's disney. they just bought lucas films for $4 billion financing it with debt. 2% interest rate, $80 million pretax cost, $50 million after tax cost. they pay that for three years, fourth year, they get "star wars" and make a billion dollars. tremendous deal for the sha
CNBC
Dec 26, 2012 4:00am EST
it from there. we'll be right back. >>> don't miss a second of "mad money." follow @jimcramer. send jim an e-mail to madmoney@cnbc.com or call us at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. cramerica, wishing you peace and prosperity from all of us at "mad money." >>> welcome back to "mad money's" special earnings season companion show -- how not to be overwhelmed by earning reports and put them in perspective so you can profit from them in an informed and confident way, make money at home. we went over how i use earnings reports to figure out the growth rate and relate it to the stock price to figure out if it's too expensive or too cheap against its sector and the rest of the market. the next way i use the earnings report is equally as important. in some ways because of what i call the etf-zation of the market even more than the earnings per share. i measure the earnings growth and earning growth against its cohort and figure out -- here it is -- the whole cohort is worth owning or forgetting about. that's right. for most of my more than three decade of investing, i
FOX Business
Dec 24, 2012 11:00am EST
and wherever it's tried. adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components are lower. it is december 24th. there are kids running around here. it's a very random day on wall stre
CNBC
Dec 27, 2012 5:00pm EST
know boehner is going to speak, you don't know what he's going to say. so, i'm not like doc, i didn't take everything out. but all trading positions are gone, i shaved a little b of a, shaved some forte, just because the volatility is too good. i'm optimistic, whatever the deal is, just the certainty will drive the market. >> so, for right now, you are essentially a seller. mike murphy, at this point, nobody knows when it's going to be the catalyst. nobody knows when it's going to be the catalyst to move the markets higher. there's some fear, i think, by individuals, they are going to miss the big push. >> you saw the vices today up over 20 for the first time in a long time. we bought the vices today. but when the market rallied, when it looked like we were going to get a meeting over the weekend, we took that position off. so, what you're looking at right now, let's watch, instead of trying to trade the headlines, because none of us can do that, look at the s&p. it's right at 1419, 1420 range. so, the next move is going to tell you the direction the market is going to take. we came
CNBC
Dec 31, 2012 3:00pm EST
which deductions we're talking about and any timetable for them? >> i have to confess, bill, i don't know how exactly that works. these are provisions that were first initiated in the 1990s as a way of getting more revenue from people at the top without raising their rates. so what you do is you take the same deductions that other people can take and you limit their value over a certain income level. this is in addition to something the president's proposed of making the tax deductions for people above a certain income level valued only at a lower percentage tax rate than the 39.6% rate. we'll see how all of these things mesh and how they're implemented ultimately. but it's a way of getting money from people below the $400,000 threshold. >> we'll get back to you shortly. >> i've got one more question. i hear maybe republicans want that to come down in exchange for allowing any increase on the higher income individuals. >> i think the republicans have given up the ghost on that issue because it's republicans who have been pushing the idea that this is all buttoned up and it's why mc
FOX News
Dec 31, 2012 4:00pm PST
that they will retroactively make sure that the tax rates don't go up. that the massive spending cuts don't take effect. all of this is still hanging in the balance. as you mentioned, conservatives not happy that there are no new spending cuts here. liberals not happy over the fact that they believe the president gave in too much to republicans on taxes setting a threshold of $450,000 a year instead of what they wanted which was 250,000. bottom line the president said that's the art of the compromise today. everyone is not going to get everything that they want. and, in fact, he said the key here is to make sure that taxes don't go up on the middle class. take a listen. preventing that tax hike has been my top priority. because the last thing folks like the folks up here on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. >> but there is real problems here, because unclear whether even if the senate moves forward with this framework of a deal whether or not they will have enough democrats on board in the senate,
NBC
Dec 26, 2012 3:00am EST
. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer. #madtweets. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ woman #1 ] i can't believe it's finally here! [ woman #2 ] it's the real deal! [ man #1 ] turn it around! turn it around! [ woman #1 ] over here! over here! [ woman #2 ] turn around! turn around! [ woman #1 ] i love you! i can't believe it's not butter! neither can i. turn the tub around! show us the back! [ man #1 ] turn the tub around! [ female announcer ] with zero grams of trans fat per serving, i can't believe it's not butter is a superstar! ♪ turn the tub around, and become a believer. [ female announcer ] one drop of ultra dawn has twice the everyday grease cleaning ingredients of one drop of the leading non-concentrated brand... to clean 2x more greasy dishes. dawn does more. so it's not a chore. to clean 2x more greasy dishes. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ra
CNBC
Dec 28, 2012 7:00pm EST
. and the marks don't like it at all, 158 points now tanking and falling further in the after market and we'll have to see how asia opens on monday. it could be ugly. the headlines are falling fast and furious. we're all over it "the kudlow report" starts right now. >>> welcome. i'm michelle caruso-cabrera in for larry kudlow. a lot happened in just the last couple of hours. >> michelle, there's considerably more optimism after the white house meeting between the president and the four bipartisan leaders than there was earlier in the day. mitch mcconnell and harry reid say they're going to come out and try to hammer out a bipartisan deal that can pass the senate with enough republican votes to convince the house to act and even president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still
CNBC
Dec 31, 2012 5:00pm EST
, because we're not going to have action in both houses of congress on a deal. we don't have a deal yet. the house isn't going to vote. we don't know if the senate is going to hold any votes. the senate is still waiting for the outcome of the biden-mcconnell talks that are hung up over a couple of things including the issue of the across the board spending cuts which democrats want staved off for a year or so. republicans want to begin that cutting process right now. but let's talk for a moment about what we know about what has been agreed to, have to caution that until everything's agreed to, nothing is set in stone. bull here's what we know. the -- it appears that the top rate on taxes is going to go up to the clinton era level, 39.6% for individuals making more than $400,0 $400,000, for families making, married couples making more than $450,000. the estate tax, which some democrats don't like this provision, but they want to go from 35 under current law to 40% on estates over $5 million. that's a controversial provision, that's a win for republicans. still in some flux. on capitol ga
FOX Business
Dec 28, 2012 3:00pm EST
of pessimism. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? we'll be going over the cliff because the closer we get to the end, the less likely it is you can compress an agreement into place that will have enough votes to pass. >> this is basically it. the first time in weeks the top democrat, the top republican from the house and senate have gotten together here at the white house with the president and vice president, congressional leaders arriving, and the meeting should be starting shortly. back to you. ashley: we'll see what comes from it. markets taking a hit, but off the lows from the day, a repeat of yesterday, volatile, choppy, given the uncertainty in washington, and light volume meaning the markets get ripped around fairly easily, and as you can see across the board, the dow down 95 points off about three quarters of a percent, down a half percent on the s&p, and nasdaq moving lower by four-tenths of a percent. by the way, hp, talking about the stock yesterday, the pick, the worst performer on the dow dropping more than 2% in a 10k
FOX Business
Dec 23, 2012 11:00pm EST
. lou: i don't think they're well. when they come back there will be a new government, and the secretary of state. to me, again, the question is the middle east was at peace. we are now facing the middle east where from the atlantic ocean poteetially of with pakistan is a region in chaos, economic crisis, anti-american government, and fell rise of. [talking over each other] death. lou: i have to leave it there. thank you for being with us. great to have you with this. much more on that nomination and an unsettled, to put it mildly, middle east with the "a-team." ♪ that has been one week since the elementary school massacre in connecticut. the national rifle association talks to just a start today with proposals to make schools safer. james rose in with a live report . the fiscal cliff fallback plan fails. mr. president of europe. it's your turn to lead. >> the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in ten days. how we get their god only knows. lou: chief economist joining us with perspectives
CNBC
Dec 26, 2012 12:00pm EST
to the markets if they don't? first our top story, shopped out. new data showing holiday sales grew at the slowest pace in four years. what does it all say about the health of the nation's retailers and the money you have in their stock? our traders for the hour are peat and john negarian and steven weiss. pete, begin with you, 16 of the 17 worst performers in the s&p today are retailers. >> understandably so. the expectations were so high. a lot of the analysts were looking for a bump of 3 to 4%. didn't get close to that. you're seeing pressure on the retail sector. even on the online side you aren't seeing the kind of move people would have expected. i think you have to take into account there's sandy, the tragedy up in newtown. a lot of different things. in front of us is the fiscal cliff. everybody has been talking about it. we've been talking about it. here we are past christmas getting very close to the 31st and still nothing resolved. for those reasons i think people are holding off. they're going to make some decisions later on. maybe those decisions don't happen until janua
CNBC
Dec 27, 2012 4:00am EST
government securities and investments in the federal employee pension funds. those don't sound like good practices going forward. president obama meanwhile arrives back in washington after cutting short his christmas vacation in hawaii. congress is back in town, but little progress was made over the holiday to avoid the fiscal cliff and no talks have been set. the senate is due in session today, but the house has no plans to reconvene. last week, house speaker john boehner said it was up to the house to act on extending unemployment benefits. as we work through all of this, we are happy to be joined by allen capper, head of credit strategy at lloyd's for the hour. welcome back. i guess we're still shaking off the christmas turkey tryptophan, i guess they call it, and yet it feels as though it's groundhog's day. >> yes. you say shaking off the christmas blues and we're shaking still waiting to hear what happened with this fiscal cliff. we knew they would take it to the wire. there's no surprises. what concerns me, this may stretch on until january. now, this is not the first time we've be
CNBC
Dec 27, 2012 4:00pm EST
trying to deflect attention on to me and my colleagues over the past few weeks is that they don't have a plan of their own that could get bipartisan support. the so-called senate bill that the majority leader keeps referring to passed with only democratic votes and despite the deep calls for the house to pass it, he knows as well as i do that he himself is the reason it can't happen. the paperwork never left the senate. there's nothing for the house to vote on the as i pointed out before we took the vote back on july the 25th the democratic bill is, quote, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called senate bill is nothing more than a glorif
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